According to the U.S. Bureau of Labor Statistics, prices for utility (piped) gas service were 1.96% higher in 2020 versus 2012 (a $0.39 difference in value).
Between 2012 and 2020: Utility (piped) gas service experienced an average inflation rate of 0.24% per year. In other words, utility (piped) gas service costing $20 in the year 2012 would cost $20.39 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for utility (piped) gas service was lower.
In the year 2012: Pricing changed by -9.63%, which is significantly below the average yearly change for utility (piped) gas service during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for utility (piped) gas service was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Utility (piped) gas service:
Below are calculations of equivalent buying power for Utility (piped) gas service, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|